UPDATE 5-Choppy gold ends firmly ahead of Fed meeting

Newswire

(Updates to midafternoon in New York) By Martin Hayes LONDON, June 26 (Reuters) - Gold firmed in late U.S. trade on Monday, although it still held below overhead targets, as investors focused on a meeting later this week where the U.S. Fed is expected to hike interest rates. "The consensus is for a 25 basis-point rise, but there is some speculation that we may see a 50-point increase. That will weigh on gold from a currency perspective but increase the appeal of gold against ...

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